1. What does IBBI stand for?

A) Indian Bureau of Business Infrastructure
B) Insolvency and Bankruptcy Board of India
C) Indian Building and Business Institutions
D) Institute of Building and Business
Answer: B

2. Which of the following is considered a fixed asset?

A) Cash
B) Inventory
C) Machinery
D) Accounts receivable
Answer: C

3. The depreciation of machinery is calculated using which method?

A) Straight-line method
B) Declining balance method
C) Units of production method
D) All of the above
Answer: D

4. What is the primary purpose of plant and machinery in an organization?

A) Administrative tasks
B) Production of goods and services
C) Financial management
D) Marketing
Answer: B

5. Which document typically outlines the specifications of machinery?

A) Bill of sale
B) Purchase order
C) Technical datasheet
D) Warranty certificate
Answer: C

6. A “supply chain” involves:

A) Only the suppliers
B) The entire process from production to delivery
C) Only transportation logistics
D) None of the above
Answer: B

7. What does “CAPEX” stand for?

A) Capital Expenditure
B) Capital Expansion
C) Capital Exchange
D) Capital Expense
Answer: A

8. What is the typical lifespan of industrial machinery?

A) 1-2 years
B) 5-10 years
C) 10-20 years
D) 20-30 years
Answer: C

9. “Preventive maintenance” refers to:

A) Repairs after breakdowns
B) Regular maintenance to prevent issues
C) Cleaning machinery only
D) Upgrading machinery
Answer: B

10. The term “capacity utilization” indicates:

A) The amount of machinery used
B) The maximum potential output of machinery
C) The efficiency of labor
D) None of the above
Answer: B

11. An “asset register” includes:

A) List of all employees
B) Detailed information about all company assets
C) Inventory list only
D) None of the above
Answer: B

12. Which of the following is NOT a factor in selecting machinery?

A) Cost
B) Brand reputation
C) Environmental impact
D) Employee age
Answer: D

13. “Asset depreciation” is recorded in which financial statement?

A) Balance sheet
B) Income statement
C) Cash flow statement
D) Statement of changes in equity
Answer: A

14. Which of the following is a common type of industrial machinery?

A) Lathes
B) Forklifts
C) CNC machines
D) All of the above
Answer: D

15. “Leasing” machinery allows a company to:

A) Own the machinery outright
B) Avoid high initial capital costs
C) Increase liabilities
D) None of the above
Answer: B

16. The term “procurement” refers to:

A) Selling machinery
B) Acquiring machinery and supplies
C) Inventory management
D) None of the above
Answer: B

17. Which of the following is an example of a “current asset”?

A) Plant machinery
B) Inventory
C) Land
D) Buildings
Answer: B

18. “Obsolescence” in machinery means:

A) Machinery is outdated or no longer useful
B) Machinery has been repaired
C) Machinery has been upgraded
D) None of the above
Answer: A

19. Which is NOT a type of machine classification?

A) Manual
B) Semi-automatic
C) Fully automatic
D) Manual control
Answer: D

20. A “machine tool” is primarily used for:

A) Assembly
B) Cutting, shaping, or machining materials
C) Transporting goods
D) Cleaning machinery
Answer: B

21. The “payback period” refers to:

A) Time taken to sell machinery
B) Time taken to recover the cost of an investment
C) Time until machinery is delivered
D) None of the above
Answer: B

22. Which of the following is a financial metric used to assess machinery investment?

A) Return on Investment (ROI)
B) Gross Profit Margin
C) Net Present Value (NPV)
D) Both A and C
Answer: D

23. “Overhead costs” related to machinery include:

A) Direct labor
B) Utilities and maintenance
C) Raw materials
D) None of the above
Answer: B

24. Which type of machinery is typically used in construction?

A) Generators
B) Bulldozers
C) CNC machines
D) Lathes
Answer: B

25. What does “safety stock” refer to in machinery management?

A) Extra machinery on hand
B) Backup parts for repairs
C) Inventory kept to prevent stockouts
D) None of the above
Answer: C

26. “Hydraulic machinery” primarily operates using:

A) Electrical energy
B) Mechanical force
C) Fluid power
D) Manual labor
Answer: C

27. A “preventive maintenance schedule” is important for:

A) Increasing production speed
B) Reducing downtime and repairs
C) Minimizing operating costs
D) Both B and C
Answer: D

28. Which of the following machinery is used for material handling?

A) Cranes
B) Drills
C) Saws
D) Lathes
Answer: A

29. The term “spare parts inventory” refers to:

A) Parts needed for regular maintenance
B) Replacement parts for machinery
C) Tools used for repairs
D) All of the above
Answer: B

30. The concept of “total cost of ownership” includes:

A) Initial purchase price only
B) All costs associated with owning and operating machinery
C) Resale value only
D) None of the above
Answer: B

31. Which of the following is a factor in machinery selection?

A) Supplier reliability
B) Environmental impact
C) Total cost of ownership
D) All of the above
Answer: D

32. “Vibration analysis” is a technique used to:

A) Measure production efficiency
B) Predict machinery failures
C) Calculate depreciation
D) None of the above
Answer: B

33. The “usage rate” of machinery refers to:

A) The number of hours a machine is operational
B) The percentage of machine capacity used
C) The frequency of maintenance
D) Both A and B
Answer: D

34. Which of the following machines is primarily used for welding?

A) Lathe machine
B) Arc welding machine
C) CNC router
D) Drill press
Answer: B

35. “Industrial robots” are typically used for:

A) Assembly and manufacturing tasks
B) Office work
C) Delivery services
D) None of the above
Answer: A

36. What is the primary function of a “conveyor system”?

A) Cut materials
B) Transport goods and materials
C) Store products
D) Monitor production
Answer: B

37. “Quality control” in relation to machinery ensures:

A) Machinery is repaired regularly
B) Products meet specified standards
C) Machinery operates at full capacity
D) None of the above
Answer: B

38. Which of the following is a common material used for machinery manufacturing?

A) Steel
B) Plastic
C) Aluminum
D) All of the above
Answer: D

39. What does “machine learning” refer to in the context of manufacturing?

A) Training workers on machinery
B) Automated machines learning from data
C) Learning to operate machinery
D) None of the above
Answer: B

40. A “blast furnace” is used primarily in:

A) Textile production
B) Steel manufacturing
C) Food processing
D) Electronics assembly
Answer: B

41. What is a key advantage of using automated machinery?

A) Higher labor costs
B) Increased efficiency and precision
C) Limited production capacity
D) Higher maintenance costs
Answer: B

42. “Lean manufacturing” focuses on:

A) Maximizing waste
B) Reducing production costs
C) Improving efficiency by minimizing waste
D) None of the above
Answer: C

43. Which of the following is essential for machinery installation?

A) Site preparation
B) Employee training
C) Safety inspections
D) All of the above
Answer: D

44. “MRO” stands for:

A) Maintenance, Repair, and Operations
B) Machinery, Repair, and Operations
C) Manufacturing, Repair, and Operations
D) Maintenance, Resources, and Operations
Answer: A

45. The term “real-time monitoring” in machinery means:

A) Observing machinery performance after production
B) Continuous tracking of machinery performance
C) Regular maintenance checks
D) None of the above
Answer: B

46. What is a common cause of machinery failure?

A) Regular maintenance
B) Operator error
C) Upgrading machinery
D) None of the above
Answer: B

47. Which of the following is NOT a type of conveyor?

A) Belt conveyor
B) Chain conveyor
C) Screw conveyor
D) Laser conveyor
Answer: D

48. “Ergonomics” in machinery design refers to:

A) The aesthetics of the machine
B) The comfort and efficiency for operators
C) The speed of the machinery
D) None of the above
Answer: B

49. The term “work-in-progress” (WIP) refers to:

A) Completed machinery
B) Machinery that is being repaired
C) Goods that are in production
D) None of the above
Answer: C

50. “Automation” can lead to:

A) Increased labor costs
B) Improved quality and consistency
C) Reduced output
D) Higher energy consumption
Answer: B

51. What does “machinery financing” involve?

A) Selling machinery
B) Obtaining funds for purchasing machinery
C) Leasing machinery
D) None of the above
Answer: B

52. Which of the following is a key performance indicator (KPI) for machinery?

A) Maintenance costs
B) Downtime
C) Production output
D) All of the above
Answer: D

53. “Manufacturing execution systems” (MES) are used for:

A) Financial accounting
B) Managing manufacturing processes
C) Employee scheduling
D) None of the above
Answer: B

54. The term “cycle time” refers to:

A) Time taken for machinery maintenance
B) Time taken to complete one cycle of operation
C) Time for delivery of materials
D) None of the above
Answer: B

55. “Heat treatment” is a process applied to:

A) Increase the strength of materials
B) Clean machinery
C) Reduce costs
D) None of the above
Answer: A

56. What is the role of “industrial engineers” in machinery management?

A) Designing financial reports
B) Optimizing production processes
C) Marketing machinery
D) None of the above
Answer: B

57. “Lean tools” in manufacturing include:

A) Value stream mapping
B) Just-in-time (JIT) production
C) 5S methodology
D) All of the above
Answer: D

58. Which of the following is a benefit of using CNC machines?

A) Higher labor costs
B) Increased precision and repeatability
C) Slower production speeds
D) Limited flexibility
Answer: B

59. What does “real-time data analysis” provide for machinery operations?

A) Historical performance only
B) Insights for immediate decision-making
C) Increased downtime
D) None of the above
Answer: B

60. Which type of machinery is used for heavy lifting in warehouses?

A) Hoists
B) Saws
C) Drills
D) Lathes
Answer: A

61. “Operational efficiency” in manufacturing refers to:

A) The maximum output with minimum input
B) The amount of machinery used
C) The cost of production only
D) None of the above
Answer: A

62. What does the term “initial capital investment” refer to?

A) Ongoing operational costs
B) The amount spent to acquire machinery
C) Costs associated with maintenance
D) None of the above
Answer: B

63. “Thermal imaging” is used for:

A) Quality control
B) Predictive maintenance by detecting heat anomalies
C) Monitoring production speed
D) None of the above
Answer: B

64. What is the purpose of “regulatory compliance” in machinery use?

A) To minimize production costs
B) To ensure safety and environmental standards are met
C) To increase profits
D) None of the above
Answer: B

65. “Inventory turnover” measures:

A) The speed of machinery operation
B) How quickly inventory is sold and replaced
C) The quantity of machinery owned
D) None of the above
Answer: B

66. Which of the following is a type of machine maintenance?

A) Corrective maintenance
B) Predictive maintenance
C) Scheduled maintenance
D) All of the above
Answer: D

67. “Asset valuation” is important for:

A) Setting sales prices
B) Financial reporting and decision-making
C) Tax assessment
D) All of the above
Answer: D

68. Which factor affects the resale value of machinery?

A) Condition of the machine
B) Age of the machine
C) Market demand
D) All of the above
Answer: D

69. “Operational downtime” refers to:

A) The time machinery is operating
B) Time when machinery is not in use due to maintenance or failure
C) Time taken for inventory management
D) None of the above
Answer: B

70. “Energy efficiency” in machinery can lead to:

A) Increased operating costs
B) Lower energy consumption and costs
C) Higher maintenance frequency
D) None of the above
Answer: B

71. What is the primary use of a “pneumatic system”?

A) Electrical power
B) Fluid power using compressed air
C) Manual labor
D) None of the above
Answer: B

72. “Risk assessment” in machinery management involves:

A) Evaluating potential hazards and impacts
B) Selecting the cheapest machinery
C) Ignoring maintenance needs
D) None of the above
Answer: A

73. Which of the following is a type of machining process?

A) Turning
B) Milling
C) Grinding
D) All of the above
Answer: D

74. “Batch production” refers to:

A) Producing items one at a time
B) Producing multiple units in a single production run
C) Continuous production of items
D) None of the above
Answer: B

75. The “payback period” is important for:

A) Assessing return on investment
B) Determining employee salaries
C) Establishing machinery warranties
D) None of the above
Answer: A

76. What is a “drilling machine” primarily used for?

A) Cutting materials
B) Creating holes in various materials
C) Welding
D) None of the above
Answer: B

77. “Maintenance scheduling” is crucial for:

A) Increasing operational downtime
B) Ensuring machinery runs smoothly and efficiently
C) Minimizing employee training
D) None of the above
Answer: B

78. What does the term “job shop” refer to in manufacturing?

A) A factory that produces large volumes of standardized products
B) A facility that produces small batches of custom products
C) A store that sells machinery
D) None of the above
Answer: B

79. Which type of machinery would typically be used in food processing?

A) CNC machines
B) Food packaging machines
C) Lathes
D) None of the above
Answer: B

80. “Lean principles” aim to:

A) Maximize waste and inefficiency
B) Eliminate waste and improve processes
C) Increase inventory
D) None of the above
Answer: B

81. The term “material handling” refers to:

A) The process of transporting and storing materials
B) Inventory management
C) Machinery maintenance
D) None of the above
Answer: A

82. What is a “forklift” primarily used for?

A) Lifting and transporting heavy materials
B) Cutting materials
C) Drilling holes
D) None of the above
Answer: A

83. “Process optimization” in manufacturing aims to:

A) Increase costs
B) Improve efficiency and reduce waste
C) Limit production capacity
D) None of the above
Answer: B

84. The “life cycle cost” of machinery includes:

A) Initial purchase price only
B) All costs associated with the machinery from purchase to disposal
C) Only maintenance costs
D) None of the above
Answer: B

85. “Asset impairment” refers to:

A) An increase in asset value
B) A decrease in the recoverable amount of an asset
C) The sale of machinery
D) None of the above
Answer: B

86. The “return on assets” (ROA) measures:

A) The efficiency of asset utilization
B) The total value of machinery
C) The cost of machinery
D) None of the above
Answer: A

87. What is a “supply chain management” (SCM) system used for?

A) Financial reporting
B) Managing the flow of goods and services
C) Employee training
D) None of the above
Answer: B

88. “Scrap value” refers to:

A) The initial cost of machinery
B) The expected residual value at the end of its useful life
C) The amount spent on repairs
D) None of the above
Answer: B

89. What does the term “safety stock” indicate?

A) Extra inventory to prevent stockouts
B) Machinery in repair
C) Finished goods only
D) None of the above
Answer: A

90. “Total productive maintenance” (TPM) focuses on:

A) Total machinery replacement
B) Preventing breakdowns and optimizing machinery use
C) Increasing downtime
D) None of the above
Answer: B

91. Which of the following is essential for machinery compliance?

A) Financial reporting
B) Environmental regulations
C) Employee satisfaction
D) None of the above
Answer: B

92. “Simulation modeling” in manufacturing helps in:

A) Predicting machinery failures
B) Optimizing production processes
C) Managing financial investments
D) None of the above
Answer: B

93. The “first-in, first-out” (FIFO) method is related to:

A) Financial accounting
B) Inventory management
C) Machinery scheduling
D) None of the above
Answer: B

94. “Supply chain resilience” refers to:

A) Ability to recover from disruptions
B) Cost reduction only
C) Maximizing production
D) None of the above
Answer: A

95. Which of the following is an example of a “non-destructive testing” method?

A) Visual inspection
B) X-ray
C) Ultrasonic testing
D) All of the above
Answer: D

96. “Additive manufacturing” is also known as:

A) Traditional manufacturing
B) 3D printing
C) CNC machining
D) None of the above
Answer: B

97. The “value stream” in manufacturing refers to:

A) The flow of materials and information
B) The cost of production
C) The final sale price
D) None of the above
Answer: A

98. “Green manufacturing” focuses on:

A) Maximizing waste
B) Reducing environmental impact
C) Increasing costs
D) None of the above
Answer: B

99. What is the primary goal of “process re-engineering”?

A) To increase costs
B) To improve processes and efficiency
C) To reduce production capacity
D) None of the above
Answer: B

100. “Benchmarking” in machinery management involves:

A) Comparing performance against standards or best practices
B) Ignoring industry standards
C) Evaluating employee performance
D) None of the above
Answer: A